The Deal Is Simple. Australia Gets Money, China Gets Australia – China News
www.businessweek.com — The Chinese aluminum company Chinalco owns about 9 percent of Rio Tinto, which has been transformed by China's demand for iron ore into the second-largest miner in the world. Rio Tinto, which had a net income of $1.4 billion in 2003, now earns more than $10 billion a year, and 70 percent of those profits are from iron ore.
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